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Meggitt PLC (MGGT.L)

MGGT.L on London Stock Exchange

480.00GBp
16 Feb 2018
Change (% chg)

3.60 (+0.76%)
Prev Close
476.40
Open
479.40
Day's High
480.80
Day's Low
475.70
Volume
1,127,832
Avg. Vol
2,204,655
52-wk High
530.00
52-wk Low
407.40

Latest Key Developments (Source: Significant Developments)

Meggitt Expects To Have Further Discussions With Dassault Aviation In Coming Weeks
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - MEGGITT PLC ::NOTES ANNOUNCEMENT BY DASSAULT AVIATION OF CANCELLATION OF FALCON 5X PROGRAMME AND LAUNCH OF A NEW FALCON PROGRAMME.DASSAULT HAS INDICATED THAT IT EXPECTS TO RE-USE A MAXIMUM OF WORK UNDERTAKEN TO DATE ON FALCON 5X.DASSAULT INTENDS TO WORK WITH MEGGITT ON SUCCESSOR FALCON PROGRAMME.EXPECTS TO HAVE FURTHER DISCUSSIONS WITH DASSAULT AVIATION IN COMING WEEKS.HAS GOOD CONTENT ON PRATT & WHITNEY PW800 ENGINE ANTICIPATED TO BE USED IN SUCCESSOR AIRCRAFT.REMAINS POSSIBLE THAT CANCELLATION COULD LEAD TO A NON-CASH IMPAIRMENT OF SOME OR ALL OF CAPITALISED WORK UNDERTAKEN TO DATE.CURRENTLY HAS £50 MILLION OF ASSETS RELATING SPECIFICALLY TO 5X PROGRAMME.HAS £11 MILLION OF ASSETS RELATING TO SILVERCREST ENGINE ON ITS BALANCE SHEET.  Full Article

Meggitt ‍says Q3 revenue growth for group was flat on an organic basis​
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Meggitt Plc :‍Q3 REVENUE GROWTH FOR GROUP WAS FLAT ON AN ORGANIC BASIS​.‍ON A REPORTED BASIS, Q3 REVENUE DECLINED 2%, INCLUDING EFFECTS OF M&A AND FOREIGN EXCHANGE​.‍REMAINS ON TRACK TO MEET FULL YEAR GUIDANCE​.  Full Article

Meggitt says CEO Stephen Young to retire at end of April
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Meggitt Plc ::‍STEPHEN YOUNG, CHIEF EXECUTIVE, HAS ADVISED GROUP OF HIS INTENTION TO RETIRE AT END OF APRIL 2018​.‍YOUNG WILL BE SUCCEEDED AS CHIEF EXECUTIVE BY TONY WOOD ON 1 JANUARY 2018.  Full Article

Meggitt says completed private placement of of senior notes for $600 mln
Wednesday, 1 Jun 2016 

Meggitt Plc : Transaction has a weighted average maturity of 8.5 years, and an all-in funding cost of 3.46 pct. Funds will be received on 6 July 2016 . Net proceeds will be used to refinance bilateral credit facilities secured in 2015 . Private placement of usd 600m .Has completed a private placement of senior notes with 23 us based investors for a total consideration of $600m in 7 and 10 year maturities.  Full Article

Meggitt PLC sticks to annual guidance, says cost cutting on track - Reuters News
Tuesday, 19 Apr 2016 

Meggitt PLC:Meggitt stuck to its annual guidance for low single-digit rise in organic revenue, as growth in civil aerospace was offset by energy market weakness, and said it was making good progress with a cost-cutting plan. - RTRS.Meggitt, whose wheels, brakes and electronic systems are used in commercial and military planes, said last October it would shed jobs after warning that 2015 profit would come in below expectations.The company said on Tuesday that it would cut 400 jobs by the end of the first-half of the year, in line with its plan.  Full Article

Meggitt PLC reaffirms FY 2016 outlook
Tuesday, 19 Apr 2016 

Meggitt PLC:Says the group continues to expect low single digit organic revenue growth for FY 2016, in line with guidance issued with FY 2015 results in Feb.  Full Article

BRIEF-Meggitt ‍Says Notes Enactment Of Tax Cuts And Jobs Act In United States On Dec 22

* ‍NOTES ENACTMENT OF TAX CUTS AND JOBS ACT IN UNITED STATES ON 22 DECEMBER 2017​